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Taiwan Special Crypto Law Inches Closer To First Draft, Lawmakers Hope To Implement In Mid-2024

Driven by concerns over activity in offshore markets and avoiding any regulatory arbitrage, Taiwan lawmakers are targeting the end of November to submit a first draft of a special law about offshore exchanges, The Block reported. What Happened: Yung-Chang Chiang of The Legislative Yuan of Taiwan, said in an interview the plan was to make the first draft available for reading to the parliament by the end of November end or earlier. He added such an act was necessary for the regulation of crypto-related businesses as crypto assets differ from traditional financial products and need to be governe